Breaking News Instant updates and real-time market news.

Apple Hospitality REIT provided an update on operations at its hotels in the path of Hurricane Irma. Preliminary reports from initial property inspections have indicated some minor wind and water related damage at certain of the company's hotels in the path of Hurricane Irma; however, at this time the overall damage and impact does not appear to be material. Additionally, three of the company's hotels were closed for a short period of time during or after the storm in response to mandatory evacuation orders or power outages. All of the Company's hotels are now operational. The company remains focused on the welfare of guests and associates at its hotels and will continue to assess the overall impact of the storm as the situation evolves at each of its hotels. The company maintains comprehensive insurance coverage for property, business interruption and other risks with respect to all of its hotels, with industry standard deductibles in each of the locations.

APLEApple Hospitality REIT

$18.74

-0.08 (-0.43%)

11/29/16

BARD

11/29/16UPGRADEBARDOutperform

Apple Hospitality REIT upgraded to Outperform from Neutral at Baird

11/29/16

BARD

11/29/16UPGRADETarget $20BARDOutperform

Apple Hospitality REIT upgraded to Outperform at Baird

As reported previously, Baird analyst David Loeb upgraded Apple Hospitality to Outperform from Neutral. The analyst cited Apple Hospitality's recent underperformance and disappointing Q3 results, but believes its defensive secondary/tertiary market exposure is being undervalued. Loeb, who said it was a top hotel REIT pick, raised his price target to $20 from $19 on Apple Hospitality shares.

03/03/17

ADAM

03/03/17DOWNGRADEADAMHold

Apple Hospitality REIT downgraded to Hold from Buy at Canaccord

Canaccord analyst Ryan Meliker downgraded Apple Hospitality REIT to Hold and lowered its price target to $21 from $22 following the Q4 report. The analyst no longer expects outsized internal growth given exposure to Los Angeles, which is facing material headwinds associated with the Porter Ranch gas leak, and said external growth does not offer enough upside right now.

UP AFTER EARNINGS: Cintas (CTAS), up 2.9%... Micron (MU), up 2.8%. ALSO HIGHER: Editas Medicine (EDIT), up 3.1% after it received the EMA's orphan medicinal product designation for EDIT-101... Twitter (TWTR), up 1.8% after it said it will start testing longer, 280-character tweets with a small group. DOWN AFTER EARNINGS: Nike (NKE), down 3.2%. ALSO LOWER: Kornit Digital (KRNT), down 12.2% after it cut its third quarter revenue guidance... Westlake Chemical Partners (WLKP), down 8.3% after it filed to sell 4.5M units for limited partners... Intra-Cellular (ITCI), down 7.2% after it filed to sell $150M in common stock... Ascendis Pharma (ASND), down 4.3% after it announced an offering of $125M of ADSs.